By: Terence Creamer
Finance Minister Nhlanhla Nene has acknowledged that South Africa requires “much higher levels of economic growth” to address unemployment and poverty. He also stresses that any economic expansion would need to be supported by the accelerated implementation of the...

By: Terence Creamer
The Gauteng government has set aside R10-billion of its R95.3-billion 2015/16 budget to fund its five development corridors, which are being pursued across the so-called ‘City Region’. Gauteng, which is South Africa’s smallest province by area, is also the country...

By: Irma Venter
Eqstra Holdings was going to reduce its exposure to contract mining, but it was not yet ready to sell the troubled business, said CEO Walter Hill on Tuesday. He said Eqstra would not sell its contract mining business in a “depressed market”. He said it would be...

High import and export volumes have contributed to the South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) rising by 3.5 index points 92.8 in February, from 89.3 in January. Sacci noted that the increase was surprising, pointing...

By: Sapa
South Africa's economy remains racially structured, President Jacob Zuma said on Tuesday. Welcoming members of the second presidential black economic empowerment council at Tuynhuys, Cape Town, he told them they needed to tackle this historical legacy because it was...

By: Sapa
One in three municipalities is dysfunctional, according to a study conducted nationwide, Cooperative Governance and Traditional Affairs Minister Pravin Gordhan has said. Gordhan said the Back to Basics Programme based this finding on four criteria, namely economic,...

By: Natasha OdendaalUpdated 7 hours ago
South Africa’s Automotive Production and Development Programme (APDP) had boosted Ford Motor Company of Southern Africa’s (FMCSA’s) manufacturing competiveness, the vehicle manufacturer said on Tuesday. The Department of Trade and Industry (DTI) had introduced the...

By: Sapa
The power grid will be severely constrained for the rest of the week, parastatal Eskom said on Tuesday. "It is possible that we may go through today [Tuesday] without implementing any load shedding," spokesperson Khulu Phasiwe said.

By: Natasha OdendaalUpdated 7 hours ago
As Proudly South Africa (SA) moves to encourage local procurement to bolster small and medium-sized enterprises (SMEs), the newly established Department of Small Business Development (DSBD) aims to boost these enterprises’ contribution to gross domestic product (GDP)...

By: Natasha Odendaal
The failure of one in seven small and medium-sized enterprises (SMEs) within the first year of operation was not a result of a lack of access to funding, Absa South Africa head of business banking Happy Ralinala asserted on Tuesday. Access to market and relevant...

The Development Bank of Southern Africa (DBSA), through its Infrastructure Delivery division, has signed memorandums of agreement with the South African Federation of Civil Engineering Contractors (Safcec) and the Black Business Council Built Environment (BBCBE) to...

By: Natasha OdendaalUpdated 7 hours ago
There was enough scope in South Africa to make local procurement of goods and services feasible, Shanduka Black Umbrellas COO Seapei Mafoyane said during the Proudly South Africa Buy Local Summit and Expo, in Sandton, on Tuesday. South Africa’s private and public...

By: Megan van WyngaardtUpdated 7 hours ago
Trade union Solidarity has criticised the Nuclear Energy Corporation of South Africa (Necsa) for continuing with a restructuring process, which the union claims results in employees being demoted, without consulting with Solidarity about the process. Solidarity...

By: Megan van Wyngaardt
Trade union Solidarity has signed a “favourable” three-year wage agreement for all cabin crew with airline Comair, bringing an end to the lingering wage dispute. The trade union had demanded an almost 13% increase for its 210 cabin crew members at Comair, but the...